Funding you earn now, next payment 00:00 UTC−0.0846%/8h= −92.6% APRnext payment −$4.23 per $10,000 · paid last 24h −0.021%
Price spread now: MEXC against BingX−0.157%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days+0.205%+$21 · spread now −0.157%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.178% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USELESS-USDT | 0.2734 | 0.1354 | pay 0.0677% / 4h | 1h 25m | — | $5.0M | — |
| Short | MEXC USELESS_USDT | 0.2730 | 0.0508 | get 0.0254% / 4h | 1h 25m | $9.8M | $5.9M | 50x |
BingX USELESS-USDT
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$177.66
- Price spread: −0.157% → +0.020%
- −$17.76
- Slippage, 4 orders
- −$29.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$243.04
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; MEXC: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 9 min ago | 3.38 bp | 9.9 bp −$10 | 64.5 bp −$645 | 413.1 bp −$41.3K | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.09 bp | 8.1 bp −$8 | 53.8 bp −$538 | 171.3 bp −$17.1K | 581.1 bp −$290.5K |
USELESS on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2726 | −0.304% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2740 | +0.217% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2732 | −0.080% | $9.6M | $62.9M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2729 | −0.165% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2732 | −0.080% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2727 | −0.234% | $34K | $448K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2717 | −0.607% | $557K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2731 | −0.091% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0229% | 1h | 0.2757 | +0.845% | $39K | $699K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0330% | 4h | 0.2728 | −0.212% | $5.1M | $9.8M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0374% | 4h | 0.2727 | −0.252% | $6.8M | $8.0M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0505% | 4h | 0.2762 | +1.033% | $21K | $190K | 10x | as long as short |
| MEXC USELESS_USDTshort | +0.0508% | 4h | 0.2730 | −0.157% | $9.8M | $5.9M | 50x | |
| Binance USELESSUSDT | +0.0509% | 4h | 0.2732 | −0.068% | $23.1M | $113.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2728 | −0.206% | $287K | $965K | 5x | as long as short |
| Bitget USELESSUSDT | +0.0534% | 4h | 0.2730 | −0.135% | $5.2M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.0952% | 1h | 0.2735 | +0.048% | $13.3M | $20.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.1148% | 4h | 0.2729 | −0.181% | $631K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1253% | 4h | 0.2731 | −0.110% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDTlong | +0.1354% | 4h | 0.2734 | long leg | — | $5.0M | — | |
| Bybit USELESSUSDT | +0.1385% | 4h | 0.2734 | −0.004% | $27.3M | $44.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1515% | 4h | 0.2775 | +1.507% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1818% | 4h | 0.2742 | +0.285% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.319% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP